Taiwan seeks to reassure on TSMC commitment to island despite US investment

FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, January 19, 2021. REUTERS/Ann Wang/File Photo

TAIPEI: Taiwan's economy minister said on Wednesday that the island remains chipmaker TSMC's most important production base after the company announced it would more than triple planned investment at its new Arizona plant to $40 billion.

TSMC's Arizona factory has sparked concerns in Taiwan, where semiconductor manufacturing is the backbone of the economy, about a "goodbye to Taiwan" trend among chip firms. TSMC, which makes most its chips in Taiwan, is also building a factory in Japan.